ENR encounter resources limited

Hello. I quickly researched the past announcements this morning....

  1. 7,399 Posts.
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    Hello. I quickly researched the past announcements this morning. Today is a very high grade thick intersection albeit over one sideways length of drilling. This history of the drill results is below, where the grade was low when three drill holes were drilled over 3.5km. Therefore, today is the first high grade very commercial grade discovery near the middle of the 3.5km. Obviously they will want this high grade to continue east & west of today's drill line. ENR will need to keep finding these grades to maintain the circa $276M market cap (fully diluted) at 60 cents.

    https://hotcopper.com.au/data/attachments/6266/6266709-2d9b107ec642f08bad25af81e659e2e0.jpg
    https://hotcopper.com.au/data/attachments/6266/6266714-e6df0a2cac86e4484f61b0c99fea1ba2.jpghttps://hotcopper.com.au/data/attachments/6266/6266716-937357f771b6c4df82c3431bf3075d93.jpg


    https://hotcopper.com.au/data/attachments/6266/6266722-bd90482439629f69c62d9336b913bbf3.jpg



    Last edited by GKeden: 24/06/24
 
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